1933-03-09 — Page 6

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THE HONGKONG TELEGRAPH. THURSDAY, MARCH 9, 1933.

|_ ROUZZA

Refinements

Feature

Rockne

Six

Models

THE HONGKONG HOTEL GARAGE.

Stable Bowd

Happy Valley

proach to internal price stabil. MONEYLENDERS COURT. The Very Idea!

ty, at raised level, is by far the most important objective of monetary policy. It is certain- ly much to be preferred to any attempt to put back gold upon

By JAMES M. KELLEHER

into

THIS TECHNOCRACY By Edward Kelly, Crasy Enough.

Of course, you all under- stand this wonderful new

American system? Techno-.. cracy, they call it.

its throne, or to devise, in the "Money is the cause of most of owes his misfortune to the gambl face of the economic nationalism the hardship in this world," is a ing hells on the Macao Peninsula, of the separate States, any al- saying as true as it is trite, and it But he will never admit it to the ternative international standard. there is one man in Hongkong Judge. Plunged heavily In the case of Britain and cer- who knows it, it is the Puisue debt by the elusiveness of a sumber which will not come up tain other nations, a return to Judge of the Sepreme Court.

Every Friday morning, Mr. he has returned to Hongkong and

As a matter of fact neither do gold might be intolerable, but Justice Wood presides over a borrowed to keep his head above

Although he blames we.. But we're all for Technocru- there'seems, none the less, little Court, packed with moneylenders water: possibility of setting up another and their debtors. From his seat Macao and blames the money ey.. international standard in its on the Bench, he hears tales. of tender, he does so unjustly. His misfortune, of money borrowed frail human nature is to blame, place..

Presidential Power

for share, speculation end. of and as long as the gambling shares that crashed instead of ris- instinct, at least latent in every Ing.

one, is unrestrained, the Money- The solicitors' table is sur lenders Court will remain The proposition is growing in rounded by the men of law, drap-crowded as ever.

ed in the robes of their pro. strength that some form of fession. The crowd in the back

congressional action shall be

A

ла

benches wear no robes, but they INITIALS MENACE

to

Occasionally, cn the

A.O R.C."

W

aner Self," by a certain "M.-. Now at the time I was deeply warted to know more about it. interested in my inner self and Moreover, I wanted to refute my

We're all for it for the same reason that we're for the Einstein Theory of Relativity." They both give us something to write about when we've exhausted the wea- ther, shroffs, wives and other famous subjects we have dis-" cussed.

Besides, nobody seems to under- stand what Einstein's Theory and Technocracy means, which is an. other argument in their favour. The literal translation of 'tec-

but

bad

1;

taken by which President Roo-are distinguishable just the same, sevelt shall have authority ex- Here are men with white tur-

By A. P. GARLAND. tending far beyond that normal-ban's and black beards, clutching

The well-wishers of the Associn- ly conferred upon the President white slips of paper in their for the purpose of expediting the hands, and here are Chinese from tion of Scientific Workers-and campaign against national de- the coolie class, with $10 debts, who isn't such ?-will certainly no-cracy is "that detective is not to shop-owners with liabilities of wish well to the suggestion that mad". The American translation concrete pression. The only

up to $1000.

a Bill should be promoted to pro-is "barter". The barter you do for the barter you spread on proposition thus far made is that

Aldehibit the use of bogus degrees. he should be given dictatorial tenches are a few Europeans who But I'd go farther. I'd insist bread.

Under our old system we WIDE DOORS

authority over reduction in have borrowed to pay off some that something should also be

with money, federal expenditures, especially pressing debt and borrowed again done to rid the world of the Technocrate

with Bank crashes, pay off the money-lender.menace that comes from the pre- what Front doors of 1933 Rockne those for salaries. To some ex-

we'll soon have to adopt the new Six Sedans are 29 inches wide. tent this is a "passing of the Crushed by the ever-increasing sent plague of initials after the $100 notes and chipped dollars,

interest burden, they despair of name. Rear doors measure 291⁄2 inches.buck" on the part of Congress. any chance, to meet their obliga-

For example, not long ago I American style. tions, and allow the money lender read on an advertisement of a For instance, you go into the Coach and coupe doors are 39 It will be much easier for

President just elected to cut the to drag them before the Court of lecture, free-get that--on The Hotel and order a glass of beer. inches wide.

pay of tens of thousands of men Summary Jurisdiction.

"Cour-r-t" drawis the Clerk of

When the boy brings the chit you pay him with the dead pig you ran See and drive the New Rockne and women than it would be for

over out at Mongkok, and for Six-to-day!

congressmen who in a little over thie Court as the Puisne Judge Everybody rises. The a year will be seeking nomina enters..

owner your pasts.

The whole thing is built up an tion and re-election. President Judge bows to the Court and the

which you had to give the original Roosevelt has come into office Courts bows to the Judge. Every

body, sits down. equipped with a weapon for The Judge loses no time. "Writ doctor, who had the nerve to say the exchange of commodities. enforcing his will of which Pre-Number 1565", he announces, and that I ate too much and walked You've got to have a barter to make sident Hoover was entirely de- the Indian interpreter calls the too little. So in the ordinary way it successful. That's why Amer

lecture hall, stitute. He has control of tens name of the creditor. The ring should have been among the ica in cutting cut prohibition.

leading files at the away of thousands of appointments to of his voice has not died

hesitate? Why And, as one man to another, we federal offices for a share in when the Chinese interpreter's waiting for the doors to open.

voice echoes and re-echoes Why then did I

and in the end after much thought, did are all for this idea of Techno- which all will be

eager. The

Court-room through the

I decide that it would be a far, cracy. We have for exchange patronage will go a long way to account. toward bending Congress to his There is a stir in the back and if remember rightly mulch pen knife (both blades broken), desires. There may be the un-benches.. Creditor and debtor the pelargoniums than to listen to one wife (nagging), one bottle such come forward. The Puisne Judge this bird's ramblings on "The in- opener, one bettle (empty), and sophisticated to whom

Meeting." (1932). All strategy will seem offensive. It explains the debtor's position to er Self"? Simply because I did one season ticket for the H.KJ.C.

while the money lender not understand what A.O.R.C. Annual

these, with the exception of one. meant. PLANNED

certainly is not wholly in line him, MONEY.

Was it "Ancient Order of Rat (1) wife, we will barter for one with that idealistic conception of listens in a bored sort of way.

The debtor's version of the

Was. It "Armenian (1) battle of Johnny Walker. affair

set lines. He Catchers"?

We could not think of Techno- The banking crisis in the politics for which the National

Civil Service Reform Associa-borrowed the money on secount of Orphans Reception Committee"? United States is yet another tion stands. But it is not novel. either sickness, bad business. or/Was It? But what was the use? cracing our wife. How dare you But even the well-known in- suggest that we would descend to indication of the fact that the Even so idealistic a student of for shares which fell. He signed

are government, essentially a "re- for double the amount he received itials, such as you can look up in such loathesome, depths of de

too much any well-bred reference book, are charged at present in a sorry muddle.former" in the White House as and

used interest. The moneylender puts often confusing.

As ap instance, suppose you It is even more; it is proof of Mr. Woodrow Wilson,

Very soon, the Puisne. Judge is wanted a chartered accountant to the absurdity of the world con- patronage with consummate skill his case briefly. tinuing to rely on a supposedly to bring Congress around to his prying into the case. How much work out your losses for the pre- way of thinking. He, like money was actually borrowed? (vious year and in a careless way automatic regulation of curren- Roosevelt, came in with a shift Why? At what interest? How applied to the A.C.S., instead of cy and credit which has ob of parties, and had a full list of much has been peld back? Are to the A.C.A., the latter being the viously failed to work. Sir offices at his disposal. It is there any receipts? What is the Association of Chartered Account.

The

52

Hongkong Telegraph careful use and allotment of this corridors, calling the delinquent far better thing to stay at home one Star Ferry ticket (old), one

THURSDAY, MARCH 9, 1933.

world's monetary systems

LI

A 'Peace Plan.

оп Funs

was

+

a man who has

pravity! No, sir! We will give her away, free, with postage add- ed, to the first applicant.

With Technocracy, you will have to work only two hours a day! What a difference it will

which, Saying

we disminu make in Hongkong.

from our mind, merely remarking that if they start Technocracy making people in Hongkong work two hours a day, we quit, along with our fellow-workers in the banks, government offices and other high institutions.

•

LETTERS FROM ARAMINTA (IN AUSTRALIA).

quant suff quant sof ive.had enough lets set the ball arolling

for cricket is a splendid thing dont try to make it tame sir whats a black eye or a whack on the thigh play up and play the game sir

"ps i was talking to a wire worm the other day and i said whats that big building theyre building over there and, he said o thats a new hospital for cricketers and he laughed ha ha ha

ao i said well it looks to me more like aras works you people use an awful lot of gas down here ho ho ho

Wouldn't you feel such an ass when in 1eturn you were sent en S. MOUTRIE & CO., LTD. Basil Blackett, the noted econ-reported that in the tenders of debtor's present, financial position, ants.

omist, in a recent book, deals at office made by the President, In what amounts can be re-pay

additional curate, the A.C.S. balug 2 he has exacted pledge to the debt?. Chater Road. length with the place of planned

Occasionally, when a "ease is the Additional Curates' Society? co-operate 100 per cent. in his

Similarly, if you wanted your money in a planned economic economic progamme. Whether called, a solicitor rises to represent system, "and his submissions are this is true or merely a political one of the parties. If it happens family tree worked out to two very much to the point at the rumour no one can say. But that a European is in trouble over places of decimale, you'd send for ar F.G.H.S., that is, a Fellow of present moment. His first the- however out of accord with the unpaid chits, reporters take

Society. But if by mistake you

gee or gosh it makes me sad sis is that stability of internal sentimental view of politics it is very live interest in the proceed-the Genealogical and Historical

His anked for un F.G.S., do you know and hores me till im weary for all "Call the defendant" says prices is to be preferred to realistic and in the end advan- ings.

tageous to the public.

Honour. The defendant is called, what you'd get? Cut my throat the day they chatter away about

if- tell a lie-you'd get a little this old leg theory stability of exchange rates, such

but does not appear. as the gold standard used to

"Shall I prove this in Chambers bearded man with a hammer, a to-morrow?" asked the solicitor. Fellow of the Gerlogical Socfly secure, and is the more to be.

The fact is, every job today, "Yes," says His Honour and the preferred now, when gold has

A remarkable "peace plan, inside story is never told.

firin pile-driving to rene-sht and when it bumps towards the ing, has its institute with degrees stumps just swipe this body line

bowling signally failed to provide a devised by a farmer, has been. standard of value. He would submitted as a possible quali- What dramas of human folly ani loftials after the name, and like to see all countries by agree-fication for the Nobel peace and misplaced trust have their the situati is getting out of Incidentally, what is an A.O.R. ment pursuing a policy of in-award. The plan is that of a culmination in the Moneylenders' hand. ternal price stabilisation, and new World Court with teeth, Court. Many

Mr. Korntved, the author, stood before the Pusine Judgelc.? ceasing to base their internal stops chopping wood in his currencies on gold, even if they farmyard when he has visitors to were to retain it as a means of raise a sunburned face and blue! 'making foreign payments, eyes, and tell how his plan would

This leads, incidentally, to

act in the present, Asiatic trou- a bles. "The World Court-with plea for the regulation of over-one voting representative for seas lending. If all countries each member nation-would al- kept their internal prices stable, low China and Japan to present says Sir Basil, there would be their cases. An impartial deci- little room for variation in ex-sion would be reached. Should change rates," provided interna. either or both refuse to accept the decision, the dissenter would tional capital movements were be required to submit the ques- kept under control. As a pre-tion of rejection to its citizens. liminary to price stabilisation. Should one vote to reject, it" it is suggested that action should would be classed a hostile "na- be taken to raise the levels of tion. If such a hostile nation wholesale prices throughout the started invasion of a member na world to a point consistent with tion, the World Court would present fixed charges and with mobilise a world police as high. as 75 per cent. of the armed profitable production Failing forces of all member nations

blockade. general world agreement, Sir to bring peace by Basil thinks an agreement could Should both nations' electors re- be reached between Britain and ject the court decision, each the United States to raise prices would submit the question of and keep them stable thereafter, war to a referendum of its able even if America remains on the bodied men of military age. Each gold standard and we remain man voting affirmatively would authomatically enlist for ser- off." The thought which will vice." Mr. Korntved would desire naturally suggest itself, after the World Court, to work for a reading these proposals, is, that universal language and interna stabilisation of prices is not tional commerce laws as a means

it quite so easy & policy as of ending international disputes. sounds. None the less, Sir It would have power to try and Basil is on sound: ground when

sentence propagandists

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he contends that a nearer ap-lead peoples to war.

.who

FO

Gee, Eddie, I hope your pining for a cabin number goes over biz so we can rent that house."

methings i had him there eddie end of message.

ANSWERS TO CORRESPONDENTS.

Percy.--Yes, Percy, double- breasted overcoats are being worn longer this year. I intend to make mine last at least six months. The Raglan is a good velvet style: It should baye a collar and no holes in the lining. I don't know what to advise about" a Chesterfield: I thought it was Bomething you eat on.

+

Diana Why, of course, Diana; You must hunt with the Fanling- Ites, everyone docs, except for townées labourers, etc. You'll want a good "gee"; why not try and get on old rachehorse; they often have a pretty "turn of speed"? A bicycle is definitely not "classy." Habits, if you haven't one of your own, can be hired for the day. And don't Ride as hard forget the "cap." and straight. as you can, dear, and get as far shead as possible; If you get there first they give you little bits of the fox... Buch a quaint, delightful old customi